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http://hdl.handle.net/10419/25474
  

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dc.contributor.authorCarletti, Elenaen_US
dc.contributor.authorHartmann, Philippen_US
dc.contributor.authorSpagnolo, Giancarloen_US
dc.date.accessioned2006-08-07en_US
dc.date.accessioned2009-07-24T13:47:51Z-
dc.date.available2009-07-24T13:47:51Z-
dc.date.issued2006en_US
dc.identifier.piurn:nbn:de:hebis:30-25993-
dc.identifier.urihttp://hdl.handle.net/10419/25474-
dc.description.abstractWe model the impact of bank mergers on loan competition, reserve holdings and aggregate liquidity. A merger changes the distribution of liquidity shocks and creates an internal money market, leading to financial cost efficiencies and more precise estimates of liquidity needs. The merged banks may increase their reserve holdings through an internalization effect or decrease them because of a diversification effect. The merger also affects loan market competition, which in turn modifies the distribution of bank sizes and aggregate liquidity needs. Mergers among large banks tend to increase aggregate liquidity needs and thus the public provision of liquidity through monetary operations of the central bank.en_US
dc.language.isoengen_US
dc.publisherCenter for Financial Studies Frankfurt, Mainen_US
dc.relation.ispartofseriesCFS Working Paper 2006/08en_US
dc.subject.jelD43en_US
dc.subject.jelG21en_US
dc.subject.jelG28en_US
dc.subject.jelL13en_US
dc.subject.ddc330en_US
dc.subject.keywordCredit Market Competitionen_US
dc.subject.keywordBank Reservesen_US
dc.subject.keywordInternal Money Marketen_US
dc.subject.keywordBanking System Liquidityen_US
dc.subject.keywordMonetary Operationsen_US
dc.subject.stwBanken_US
dc.subject.stwWirtschaftskonzentrationen_US
dc.subject.stwBankenliquiditäten_US
dc.subject.stwKreditmarkten_US
dc.subject.stwWettbewerben_US
dc.subject.stwTheorieen_US
dc.subject.stwIndustriestaatenen_US
dc.titleBank mergers, competition and liquidityen_US
dc.typeWorking Paperen_US
dc.identifier.ppn515334383en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:cfswop:200608-
Appears in Collections:CFS Working Paper Series, Universität Frankfurt a. M.

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